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Nope...I think this stock is as dead as they get... The management team and accountants lied and defrauded investors, and it's quite evident by the share price. There are a lot of good stocks out there, and this one is not one of them. What's up with the absolute ceasement of press releases? Did they just give up on this company? Is this company even in business anymore? I think they should just go bankrupt already...
Wow...I can't believe you people are still here... Amazing.
Bashers Vs. Market Opinion....
I think I'll take the market's opinion at this point....
LOL
Sorry, this guy is just as awful as they get. He always personally attacks me and, quite frankly, I'm fed up. It's my goal to turn money away from Investors Hub because of Phil (Bullrider) and his associate bashers.
BTW...ALL THE POSTS ARE ORIGINAL. I HAVE NOT COPIED AND PASTED ANYTHING AND NOBODY HAS WRITTEN A POST FOR ME. EVERYTHING IS JUST MY OPINION. I DO NOT CARE IF ANYONE BELIEVES ANYTHING, I AM JUST EXPRESSING MY FREEDOM OF SPEECH AND OPINION. NO INSIDER INFORMATION HAS BEEN OBTAINED AND I HAVE NOT RECOMMENDED ANYTHING. DO YOUR OWN DD AND INVEST ON YOUR OWN DECISIONS.
THAT'S MY LAST POST...
Please concentrate on discussing the company, and not me... This is getting annoying. Good luck to everyone, I'm going to have my membership cancelled. See you on Yahoo...I really mean it this time.
Grubmaster,
Can you please cancel my free membership? I e-mailed Matt as well, and I'm quite serious. I try to post and I get attacked... The best way to avoid this problem is to cancel my membership so I don't have the option anymore. Please cancel my free membership. Thank you.
Smith
I have never had insider information, nor do I seek it. That's a wrongful accusation, and completely unfounded. I invest on public information, and I do my own due diligence before investing.
Isn't it funny how I try to discuss the company and the subject quickly changes to discuss me? Can't we stay on-topic?
I never claimed that NWAU was "heading for the promised land" - that's a lie. I have never touted the company that strongly, yet I have held a bullish stance. Their PR's show this company as being currently undervalued compared to average industry multiples - that's all I've ever stated. No recommendations to buy or sell, and no ranting comments around infinite returns. Give me a break, would ya? Everyone here knows to make their own investment decisions and that you shouldn't listen to people on message boards. In fact, nevermind...I'll just leave the board again for a while. I hate that this happens everytime I start posting my opinion...good luck to you.
I would suggest you contact Scott Miller with those questions, as I do not know why they chose to do what they did. Why are you and Phil so harsh and make allegations like that? I haven't done anything wrong, and I'm just a personal investor making a personal opinion. I don't know anything that you don't know, and I have never made recommendations to do anything. Everything I have expressed on this board is just opinions of mine, plain and simple. What have I said that makes you think otherwise? Is it just my bullish stance on this company that you don't like? My small position in this company is hardly enough to move the market, so a pump and dump isn't even a possibility... My intentions are genuine, and I just want to discuss this company like everyone else. Is that so wrong? No IR firm has helped me with anything, BTW.
Also, I'm not sure why they made the shell company mngmt rich. It appears they were just bought off in trade for their "public" status. The dilution definitely has a hindering short-term effect, but the long-term results could justify their actions. Sometimes you have to withstand a little pain to reap future rewards...
With all that said, things could either go well with their bold moves, or they could go horribly wrong... That's risk/reward and the uncertainty factor with investing in micro-cap, pink-sheet stocks (soon to be Bulletin-Board). Just choose your own position and pay close attention.
I am not pumping, or dumping, and my opinion is just an opinion. I am not making any recommendations to do anything, and I only want to discuss this company. Going forward, I just want to pick this company apart like everyone else.
I wish I knew why they haven't released the audits, but I can only suspect that they will do so once they are fully reporting. I can't say I agree with this, but there must be a hidden reason for their actions. Possibly while they are preparing all the documents, there is a quiet period and the audited financial statements must be verified before they can be officially released. Regulations have tightened in recent years, and it's harder for companies to do certain things. It's good to have you back, by the way, your insight it quite valued on this board. Take care.
Very good point. But..In order for the asset purchase agreement to be accepted by the SEC, the acquired company has to provide audited statements that would prove legitimacy for public status. Because it is a shell company with insufficient operational consistency, the SEC requires full disclosure of the operations of the aquired company. In order to fulfill these requirements, NowAuto is obligated to submit two years of audited financial statements - balance sheet, income statement, cash flow statment, & OE. Once these statements are reviewed by the SEC audit committee, the asset purchase agreement can be accepted, and the NowAuto Group will become official. SEC approval of NAUG is as if this is an entirely new company...regardless of the fact that a shell company acquired them. Because of Sarbanes-Oxley and GAAP, the SEC is mandated to take precautions that newly "public" companies are legitimately structured for shareholders.
Great post Hog, and that's all it really boils down to...
There are a few people on this board that really want to see this stock tumble - - yet they are not short. Quite simply, I just don't get it...
Wasted efforts reap no reward.
To me this is a very speculative position and I hold little of my net worth in this company. In fact, my position in the company is very small compared to my overall investments in other companies/mutual funds/etc.
Those posters that have no equity, yet choose to dominate their time on this board...LOL...there's nothing I can say.
I think I'll just keep wondering about some people until the day I die...
I repeat: NOTHING I SAY IS A RECOMMENDATION TO BUY OR SELL. MY OPINION SHOULD NOT BE CONSTRUED AS A REPRESENTATION TO MAKE A JUDGEMENT ON A PARTICULAR SECURITY. ALL REPRESENTATIONS AND OPINIONS OF THIS POSTER ARE MERE OPINIONS AND EACH READER SHOULD DECIDE HIS OR HER OWN INVESTMENT DECISIONS.
Watchdog:
What is your backgroud in? You obviously have little knowledge in accounting. Let me ask you:
What requirements are needed in order to process an SEC filing?
When a company becomes "public", do they just take an inventory and say "OK"?
Will they review the operations to determine if business has been satisfactory to award a "public" status?
Will audited financial statements for two-years prior be requested in order to validate their request?
Upon reviewing their request, will they review the two-years of audited financials to make sure the business is sound and acceptable for "public" status?
After the business has been proven legitimate and the statements have been verified, won't those records be released for public review?
Please let me know, it seems you are uneducated in these respects.
That information is not unpublic and can be provided by contacting the investor relations department of NowAuto, or the NowAuto Group. Scott Miller, as well as his associates, has provided the details that two years of audited financial statements have been completed and submitted with the SEC filing that is currently being processing. Intherof, those documents will be released to the public for further analyzation. I have no record of the details of those reports, nor do I know the ramifications of the positive or negatative data that could be present in those documents. All I do know is that the Investor Relations department and Scott Miller have confirmed to me that two years of audited financial statements have been performed, and will be submitted with their SEC documents. i have no insider information and only trade on the data that is publicly available at this time.
Phil,
I don't know if anything is going to be released on Monday, nor did I say they would. All I'm saying is that they will be released at some point in the future. Who knows when it will be, that information hasn't been made public. I haven't the slightest clue about exact dates or exact information... I was just posting about basic Accounting principles related to the contents contained in financial statements. Some posters think a mere inventory will be taken, but the consolidated financial statements will include 2 years of operational data. I am not an insider, nor do I know any insider information. Plus, I don't make recommendations to buy or sell a security. Everything is just my opinion and should not be construed as a recommendation to do anything.
"...I don't think they will qualify for NASDAQ based on the absence of historical audited financials."
---
They will have 2 years of "historical audited financials." That will allow them to pursue a NASDAQ listing. By that time, they will probably have another year or two of audited financials from their listing on the OTCBB. If they maintain the PPS above required levels, and their audited financial statements are accurate, they could very-well qualify for a NASDAQ listing at some point. I can't see this happening right away, but it is definitely possible.
"...you may see some brief period of operations this November and their shareholders are still cheering for them."
---
Do you consider two years of audited financial statements a "brief period"? Those statements will actually show a relatively clear picture of their operations, as well as provide useful data for trend analysis. The balance sheets will show their capitalized assets and liabilities, and their income and cash flow statements will show us how effective those assets have been. What don't you understand about this? Are you still unsure that they will be released? Your arguments are starting to make less and less sense...
FYI...Two years of audited financials from NowAuto's operations will be submitted with the filing. Thereafter, we can only assume they'll be released to the public. Audits are not done on only the capitalized assets (as Watchdog would like us to believe), in order for the data to be meaningful, they must have all four financial statements - since all four go together. ie Balance Sheet, Cash Flow Statement, Income Statement, and Stockholders Equity. We'll see the numbers soon, don't worry.
Nice Chart Now - bounce off long-term moving average and the uptrend is very much in-tact:
http://stockcharts.com/def/servlet/SC.web?c=NWAU,uu[m,a]waclyyay[pb10!b40][vc60][iUb14!La12,26,9]&am....
If it wasn't for that huge negative volume spike a few weeks back, the chart would look very strong. The volume is dried up in our recent consolidation, and some good news is around the corner. Assuming we don't receive increased selling pressure, an entry point at these levels would not be unreasonable.
You're a funny guy :) What a rich imagination and speculative personality.... I wish I believed anything you said, you can be quite convincing.
HOG...
I got your PM, but I can't reply b/c I'm not a premium member. I tried to wait until Happy-Hour, but I'm not sure when they do that.
I, too, reduced my position a little while ago, and I'm looking to accumulate at lower levels. It seems as though volatility is the name of the game right now... I am holding a core position, however. I really need to see that PR about audits, SEC filing, etc. before I'll committ to an overweight exposure to this position. The fundamentals stack up nicely, but I like more certainty. We'll see how everything pans out... Take care and I hope everything is going well.
Smith
P.S. Unless I've just not noticed, the board seems a little better. I've been staying away, however, so I could be wrong.
Just when I say something they issue a great PR... Hopefully that will help the PPS out a little. Another double digit sales growth month, and a bright outlook for the rest of the year....not too shabby.
In my opinion we are going to retest the $1 mark...and possibly lower. Yesterday there were quite a few sizeable orders, however it wasn't enough to move the PPS higher. The short-term chart is looking bearish and I have one limit order sitting at $1 and the next at .80. Hopefully it won't go that low, but I'll capitalize if it does.
It's not a regular thing, so don't look too deep into it. They're just reducing their inventory. Usually the cars will sell at higher prices, but this is a special event. They are focusing on volume with this event, so their margins may be lower.
Wow, I'm convinced! You're detailed analysis of the TOTAL sales volume for Sunburst is dead on! I'm selling everything and buying T-bills...LOL
Nope, I missed that. It bodes well for my $1.00 and $.80 limit orders, however. This stock will continue to be under pressure until things with the asset-purchase are finalized, and audits are released. IMHO
Arbpro stands for arbitration professional? I can definitely tell you're a lawyer...argue, argue, argue. I don't have the strength to keep going in circles... You have your opinion, I have mine. Good luck to you.
You're just running out of objections and beating a dead horse. Why don't you stop posting until the audits are released. You're assertations that this company is persistantly lying to everyone on a continuous basis is absurd. Nobody has the audacity to do such a thing unless they like orange jump-suits. Can't you even welcome the idea that this company could be doing very well financially, and growing rapidly? The asset-purchase was done to expedite their move to a larger exchange after joining the OTCBB, and the audits will be released soon.
execution, we all are quite aware that audits haven't been released yet...you are just beating a dead horse. Give it a rest. If you want to trade reporting stocks, go for it. We are all very aware of the risk related to owning this stock and the subsequent volatility. You're preaching to the choir about investing in pink-sheet stocks.
One thing that conerns me is that they did not reaffirm their guidance for the rest of 2005. It seems as though the earnings release is the ideal place to reaffirm guidance, and it's usually the most common place. It makes me a little nervous. I don't care about what the bashers say about audited financials, because that is in the works. In due time we'll see the audits. The non-reaffirmation of guidance, on the other hand, is what I'm dwelling on right now.
Fine, go ahead and guess all you want. I'll wait until I have some released financials to compute, it's more productive than guessing. IMHO I can pull any number out of my ass, but I choose to use theirs.
Why don't you e-mail Scott rather than trying to guess? Just my opinion...
Wow, I should have held my shares from $1......that's why I don't swing trade! I still have my core for now, however. I'll add when I see a good entry point.
Although this has little weight, per previous posters, I just wanted to let you know that I'm going to have to ignore you. I didn't want you to think I was rude for not responding to future posts of yours, so I thought I would let you know. Good luck with your comments and investment advice.
In at $1, out at $1.15. I placed a new GTC LMT buy $1. I have on-line access through Merrill Lynch, I'm not sure what clearing house they use - Nat'l Fin'l? I usually don't swing trade, but I have a feeling $1 will be retested....still holding my core long position.
P.S. My wife will have to wait for some more furniture ;)
Good call, thanks for the info. I agree.
I was a little surprised myself, it was an open GTC LMT buy for $1. Usually MM's pass over limit orders a couple times before filling them, but I guess I got lucky....or unlucky if this thing drops further. I noticed it only spent a little amount of time in that range, so I guess I wasn't the only one with an open order there.